Millennium Management LLC Has $1.60 Million Stock Position in V2X, Inc. (NYSE:VVX)

Millennium Management LLC boosted its stake in shares of V2X, Inc. (NYSE:VVX - Free Report) by 29.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 33,459 shares of the company's stock after buying an additional 7,682 shares during the period. Millennium Management LLC owned about 0.11% of V2X worth $1,600,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of VVX. SG Americas Securities LLC increased its holdings in shares of V2X by 94.9% in the 4th quarter. SG Americas Securities LLC now owns 6,946 shares of the company's stock valued at $332,000 after purchasing an additional 3,382 shares during the period. Rhumbline Advisers increased its holdings in shares of V2X by 5.0% in the 4th quarter. Rhumbline Advisers now owns 21,239 shares of the company's stock valued at $1,016,000 after purchasing an additional 1,004 shares during the period. Olympiad Research LP increased its holdings in shares of V2X by 19.1% in the 4th quarter. Olympiad Research LP now owns 6,382 shares of the company's stock valued at $305,000 after purchasing an additional 1,022 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of V2X by 4.2% in the 4th quarter. Bank of New York Mellon Corp now owns 59,604 shares of the company's stock valued at $2,851,000 after purchasing an additional 2,388 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of V2X by 16.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 141,885 shares of the company's stock valued at $6,786,000 after purchasing an additional 19,524 shares during the period. Institutional investors and hedge funds own 95.18% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently commented on VVX. Truist Financial dropped their price objective on V2X from $68.00 to $55.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Royal Bank of Canada dropped their price objective on V2X from $58.00 to $54.00 and set a "sector perform" rating on the stock in a report on Tuesday, February 25th. Morgan Stanley began coverage on V2X in a report on Wednesday, April 16th. They issued an "underweight" rating and a $51.00 price objective on the stock. Finally, Raymond James dropped their price objective on V2X from $65.00 to $60.00 and set an "outperform" rating on the stock in a report on Tuesday, February 25th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $63.67.

Insider Activity at V2X

In other V2X news, SVP Richard L. Jr. Caputo sold 2,200 shares of the business's stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $46.85, for a total transaction of $103,070.00. Following the transaction, the senior vice president now owns 19,869 shares of the company's stock, valued at $930,862.65. The trade was a 9.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.10% of the stock is owned by insiders.

V2X Stock Down 1.1%

Shares of NYSE:VVX traded down $0.50 during trading on Wednesday, hitting $44.32. 297,910 shares of the company's stock traded hands, compared to its average volume of 203,988. V2X, Inc. has a 52 week low of $41.08 and a 52 week high of $69.75. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.09. The company has a market cap of $1.40 billion, a price-to-earnings ratio of 158.29, a price-to-earnings-growth ratio of 0.61 and a beta of 0.27. The company has a 50-day moving average price of $48.34 and a 200-day moving average price of $50.29.

V2X (NYSE:VVX - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The company reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.06. V2X had a return on equity of 13.49% and a net margin of 0.22%. The business had revenue of $1.02 billion for the quarter, compared to analysts' expectations of $1.04 billion. During the same quarter in the previous year, the business posted $0.90 EPS. V2X's revenue for the quarter was up .5% on a year-over-year basis. As a group, research analysts forecast that V2X, Inc. will post 4.16 EPS for the current fiscal year.

About V2X

V2X, Inc provides critical mission solutions and support services to defense clients worldwide. It offers a suite of integrated solutions across the operations and logistics, aerospace, training, and technology markets to national security, defense, civilian, and international clients. The company was incorporated in 2014 and is headquartered in Mclean, Virginia.